UAE Sharjah Cement profits up

UAE Sharjah Cement profits up
Published: 31 October 2005

UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of 220.161 mln UAE dirhams (US$60m) for the first nine months of 2005, up from 98.425 mln dirhams (US$26.8m) for the same period of 2004.  The company’s sales rose to 418.915 mln dirhams (US$114.06m) from 259.963 mln dirhams (US$70.8m), while costs grew to 226.225 mln dirhams (US$61.6m) from 161.896 mln dirhams (US$44.1m).